Dec 21, 2012 4:00pm PST
)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a half day of t
Dec 22, 2012 1:00pm PST
in taking care of the fiscal cliff is an indicator i can say no. >> thanks to all of you. >> thanks for having us. >> join us tomorrow from 3 p.m. to 5 p.m. eastern. and we will be joined by tennessee republican congresswoman blackburn and congressman cohen. and be sure to catch "meet the press." check the local listings for that time. until then, have a very great saturday afternoon.
Dec 22, 2012 2:00pm PST
, global economic collapse. and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.